Alaska Native Corporations

Alaska Native Corporations (ANCs) are for-profit companies established under the Alaska Native Claims Settlement Act of 1971. Their purpose is to manage and develop the land and resources that were returned to Alaska Natives. Each corporation is owned by Alaska Native shareholders, and they provide economic opportunities, jobs, and services to their communities. ANCs play a crucial role in preserving Alaska Native culture and supporting economic development while ensuring that benefits flow back to their shareholders, helping to improve the overall quality of life in Native communities.